Press release

Saudi Hollandi Bank announces the initial financial results for the period ended 30/09/2009 as follows:

1. Net profit during the 3rdQ was SR 150.3 million compared to a net profit SR 306.2 million for the same quarter last year resulting in a decrease of 50.91%, and a net profit of SR 90.6 million for the previous quarter resulting in a increase of 65.96%.

2. Total operating income for the 3rdQ stood at SR 515.9 million compared to SR 526.5 million for the same quarter last year, an decrease of 2.01%.

3. Net special commission during the 3rdQ stood at SR 375.7 million compared to SR 358.8 million for the same quarter last year, an increase of 4.71%.

4. Net profit for 9 months is SR 525.3 million compared to SR 914.8 million for the same period last year, a decrease of 42.6%.

5. Net earnings per share for 9 months were SR 1.59 compared to SR 2.77 for the same period last year.

6. Total operating income for the 9 months stood at SR 1,631 million compared to SR 1,593 million for the same period last year, an increase of 2.38%.

7. Net special commission during the 9 months is SR 1,179 million compared to SR1,077 million for the same period last year, an increase of 9.47%.

 8. Total assets as at period end stood at SR 63,164 million compared to SR 61,400 million for the same period last year, an increase of 2.87%, and total investments as at the same date stood at SR 14,273 million compared to SR 15,204 million for the same period last year, an decrease of 6.12%. Loans and advances portfolio as at period end stood at SR 38,949 million compared to SR 38,910 million for the same period last year, an increase of 0.10%. Customer deposits as at period end stood at SR 47,327 million compared to SR 44,505 million for the same period last year, an increase of 6.34%.

 9. The decrease in net profit for the last 9 months compared to last year is mainly attributable to the Bank's conservative policy.